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by pipes 223 days ago
I think a lot of it is because after world war 2 the labour government decided that a centralised planned economy and nationalisation of every business (and I do mean every, this was in labours manifesto until new labour in the 90s) would perform better. It didn't work, it destroyed industries.

This gives some idea of what happened: https://m.youtube.com/watch?v=O7PVEaPh6Fw&pp=ygUgYWRhbSBzbWl...